[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Evet (Yes)
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Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
08.03.2018
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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Pursuant to our material event disclosure dated March 8, 2018, the Competition Board, with the decision of dated 02.01.2020 and numbered 20-01/13-5, decided that Vestel Ticaret AŞ (Vestel Ticaret) did not violate Article 4 of Law No. 4054,therefore there was no need to impose an administrative fine in accordance with Article 16 of the same Law as a result of the investigation carried out by the Competition Authority regarding Vestel Ticaret, a 100% subsidiary of our Company. In the lawsuit filed with the request for annulment of the said Board Decision; Ankara 4th Administrative Court, with the decisions numbered 2022/2198 E. and 2023/60 K. and dated 11.01.2023, decided to annul the administrative action in question, with the possibility of appeal. Against the decision of the Administrative Court, the Competition Authority, as a party, and Vestel Ticaret, as the intervener, filed an appeal. Ankara 8th Regional Administrative Court decided with its decisions numbered. 2023/412 E. and 2023/623 K. and dated 10.05.2023, to accept the appeal applications of the Competition Authority and Vestel Ticaret; and to cancel the decision made by the Ankara 4th Administrative Court; and the Court examined the alleged file on its merits and decided to reject the case on the grounds that the information transfer/information sharing could not be proven with legally acceptable, concrete evidence beyond any doubt that it was carried out with the common will of both enterprises. Finally, the plaintiff filed an appeal against this decision; and with the decisions of the 13th Chamber of the Council of State dated 19.10.2023 and numbered 2023/2388 E and 2023/4225 K; it was decided unanimously to reject the plaintiff's appeal request and to confirm the decision of the Regional Administrative Court in question. Thus all ordinary legal remedies are exhausted; and the Competition Board's decision stating that Vestel Ticaret did not violate Article 4 of Law No. 4054, therefore there was no need to impose an administrative fine on Vestel Ticaret in accordance with Article 16 of the same Law, has also become administratively absolute and final.

This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.